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1-The value of property for estate tax purposes is generally the fair market value at the date of death or, if elected, six months after the date of death (the so-called alternate valuation date).2-The Generation Skipping Transfer (GST) tax is separate from, and in addition to, any estate or gift tax applicable to the property transferred to the skip person.3-Real estate used in business or for farming purposes may be valued on the basis of its business or farming use, if the executor so elects. This technique is referred to as the special use valuation.4-Death benefits paid under a contract of life insurance by reason of the death of the insured can only be excluded from the gross income of the designated beneficiary if the policy owner was the insured.5-If a decedent possesses a general power of appointment at the date of death, the value of the property subject to the power is included in his or her gross estate.6-If property is sold to a family member for less than full consideration in money or in monies' worth, the excess of the property value over the value of the consideration (in money or monies worth) received by the seller is a gift for gift tax purposes.7-The unlimited gift tax exclusions for direct payment of school tuition and medical expenses also operate with respect to the GST tax.8-Under Internal Revenue Code §2042 (the Code section that governs the estate taxation of life insurance), if the insurance proceeds are payable to a beneficiary other than decedent's estate, they may still be includable in the decedent's gross estate if the decedent possessed "incidents of ownership" in the policy when he died.9-Under the 3-year bring back rule, if an insured person transfers (for no consideration in money or monies worth) an insurance policy to an irrevocable trust, even though the insured may no longer retain any incidents of ownership, if he dies with the 3-year period following the transfer, the entire policy proceeds will still be includable in the insured's gross estate.10-If a deceased taxpayer was a party to a financial arrangement providing that income which he earned (for example, insurance renewal commissions) is to be paid after his death to his estate or his heirs, such income is referred to as "income in respect to a decedent" (IRD") and is received income tax-free by his estate or heirs.
How much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
You are offered an annuity that will pay $10,000 a year for 10 years starting after 5 years have elapsed. If you seek an annual return of 8 percent, what is the maximum amount you should pay for the annuity.
Computation of net present value of investment where The prevailing interest rate is 6%
Should the firm undertake the healthy bottled water project? As pasrt of your analysis include a sensitivity analysis for sales price, variable costs, fixed costs, and unit sales at +/- 10%, 20%, and 30% from the base case. Also perform an anaylsi..
What is the net present value of this project if the relevant discount rate is 14 percent and the tax rate is 35 percent? Round your answer to the nearest dollar.
Calculate the lowest possible average cost of capital for Brachman if the firm raises $30 million.
What is the appropriate discount rate for your project? What would be the required rate of return of your shareholders from this project?
Given this information, what is the price today for a Bacon Signs bond?
On January 1, 2009, your brother's business obtained a 30-year amortized mortgage loan for $250,000 at a nominal annual rate of 7.0%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest ta..
Suppose that a firm has a marginal tax rate of 44% and an average tax rate of 33%. What would be the tax paid on a new project that will contribute an additional $7409 to the firm's cash flow?
(a) Develop the March budget allowances for each cost center. (b) Develop the budgeted overhead costing rate for each cost center and a blanket overhead costing rate for the entire company.
The old machines are being sold for $140,000 to a foreign firm for use in its production facility in South America. What is the aftertax salvage value from this sale if the tax rate is 35 percent?
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